HBC, the parent company of Saks Fifth Avenue, announced its $2.65 billion acquisition of Neiman Marcus Group (NMG), the parent company of Neiman Marcus and Bergdorf Goodman. At the completion of the transaction, HBC will establish Saks Global, which will encompass the...
The Richmond Flying Squirrels, the Double-A Eastern League affiliate of the San Francisco Giants, has selected Rhode Island-based Gilbane Building Co. and Massachusetts-based Prestige Construction Group to construct a new stadium in Richmond, Virginia. According to...
The commercial mortgage-backed securities (CMBS) delinquency rate returned above the 5% mark in June, according to new data from Trepp LLC. The delinquency rate increased 38 basis points to 5.35% last month, which marked the fourth upswing in the CMBS delinquency rate...
Bob’s Stores, a 70-year-old apparel and accessories retailer focused on the Northeast, has filed for Chapter 11 bankruptcy protection and has begun liquidation sales at its remaining stores. Founded in 1954 as Bob’s Surplus, the company grew to a 34-store...
Gildred Companies, a San Diego-based commercial real estate developer and investment firm, has launched a new summer internship program. According to the company, the new program includes one position in accounting and one in property management, with the goal of...
DHI Mortgage, loanDepot, PRMG and CMG Join FICO Program as Credit-Score Com…
